Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (9) TMI 2068 - AT - Income TaxPenalty levied u/s.271E - genuineness of the transaction made through journal entries - HELD THAT:- As decided in LODHA BUILDERS PVT LTD AND OTHERS [2018 (7) TMI 2090 - ITAT MUMBAI] and M/S. AASTHAVINAYAK ESTATE COMPANY LTD. [2018 (5) TMI 1745 - ITAT MUMBAI] wherein under identical circumstances, the deletion of penalty was upheld. Since the Hon’ble Jurisdictional High Court has already upheld the deletion of the penalty on the identical grounds, therefore while following the judicial consistency and judicial principles, we dismiss the appeal filed by the revenue.
|